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Stock Market & Financial Investment News

News Breaks
January 9, 2013
12:47 EDTVLKAYVolkswagen to seek to take full control of majority-owned MAN SE
Volkswagen announced it is seeking to conclude a domination and profit and loss transfer agreement with MAN SE and will start talks on this subject with MAN SEs Executive Board. Entering into a domination and profit and loss transfer agreement is designed to enable Volkswagen and MAN to strengthen and simplify their cooperation, thereby increasing the competitiveness of both companies and is a further milestone on the road to creating an integrated commercial vehicles group, Volkswagen said. Volkswagen currently holds 75.03% of the voting rights in MAN SE. The Volkswagen Group said its goal is to quickly initiate the steps necessary for concluding the domination and profit and loss transfer agreement and that further details will be provided by the companies.
News For VLKAY From The Last 14 Days
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April 1, 2015
11:10 EDTVLKAYVolkswagen reports March U.S. sales down 18.2% to 30,025 units
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March 23, 2015
07:37 EDTVLKAYVolkswagen to cut at least 150 workers at Russian plant, Reuters reports
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March 20, 2015
05:57 EDTVLKAYLand Rover recalls 36K SUVs following CCTV report, Financial Times says
Tata Motors' (TTM) Jaguar Land Rover is recalling more than 36K SUVs in China, reports the Financial Times. The recall comes after CCTV singled out Jaguar Land Rover of faliing to respond to customer complaints about faulty gearboxes. CCTV's report also accused Nissan (NSANY), Volkswagen (VLKAY), and Mercedes-Benz's China joint ventures on alleged overcharging by service outlets. Reference Link
March 19, 2015
10:20 EDTVLKAYReport: Volvo may oust CEO Olof Persson in next 1-2 weeks, Reuters says
Volvo (VOLVY) may oust CEO Olof Persson as the automaker faces lower profit, reports Reuters, citing a Swedish business daily Dagens Industri report. According to unnamed sources, an announcement about the CEO's departure could come within one or two weeks. One likely successor could be Volkswagen's (VLKAY) Scania head Martin Lundstedt. Reference Link

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